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国際通貨基金(IMF)は、スペインの銀行救済で、ドイツが薦める公的債務を増加する政府の基金を通さずに、直接欧州金融安定資金から銀行への資金注入の融資を勧告
El FMI presenta una enmienda a la totalidad a la política anti-crisis alemana
El Fondo apuesta por recapitalizar a los bancos débiles "sin pasar por los Gobiernos"
El organismo reclama que se rompa el círculo vicioso entre deuda soberana y deuda bancaria
Claudi Pérez Luxemburgo22 JUN 2012 - 01:46 CET
The IMF has a counter-opinion to the anti-German crisis
The Fund is committed to recapitalize weak banks "without going through the governments'
The agency claims to break the vicious circle between sovereign debt and bank debt
Ten days to save the euro (or 'where have I seen this before'), by C. P.
The ECB looks to adopt an internal debt rating
Claudi Perez Luxembourg 22 JUN 2012 - 01:46 CET
The Fund is committed to recapitalize weak banks "without going through the governments'
The agency claims to break the vicious circle between sovereign debt and bank debt
Ten days to save the euro (or 'where have I seen this before'), by C. P.
The ECB looks to adopt an internal debt rating
Claudi Perez Luxembourg 22 JUN 2012 - 01:46 CET
The International Monetary Fund (IMF) plays its prestige and above all his money on the European crisis. And he says enough of the bad management in Berlin, Frankfurt and Brussels: IMF Managing Director, France's Christine Lagarde, presented on Thursday proposed a set of long-term but also very short-posed an amendment to the whole of the European anti-crisis policy, with the German label has imposed austerity cuts and reforms messianic zeal.
With a direct message highly critical of the Spanish banking rescue: despite its traditional orthodoxy, the IMF committed to recapitalize weak banks directly with the European bailout funds, "without going through the governments" to break the vicious circle between sovereign debt and bank debt. Berlin, more pressure than ever, refuses point blank to that possibility.
Faced with this refusal, aid to Spain, a loan from the European rescue fund to the State, through the FROB-rise and public debt considerably and caused something of a panic in the markets, increasingly concerned about the possibility that the hole in the banks causing a gap in the Spanish Treasury.
Faced with the endless succession of negative Berlin, IMF Europe summons to move in the opposite direction to combat "the situation of acute stress on banks and governments," said Lagarde. Spain is in the disparadero, but also Italy: an existential crisis of the euro enters its most acute phase without the Union, with the controversial leadership of Berlin, want to notice.
The Fund cited several of the anathemas German: Lagarde urged the European Central Bank (ECB) to implement monetary policy "creative" with the acute phase of the European crisis, both in the financial system in an economy battered walking towards recession. The ECB has to activate "the program to buy bonds or traditional political solutions" as a cut in official interest rates, Lagarde snapped in the press conference after telling the same story at the meeting, attended by the Eurobanco president, Mario Draghi.
He also called on the countries under market pressure "decisive and credible fiscal consolidation" (ie, cuts). But, yes, "focusing on structural and not nominal objectives," said Lagarde. Bastard translation: austerity strictly must consider the consequences of the recession, which causes a drop in revenue and a spike in certain expenses, such as on unemployment benefits.
The Fund also has long-range prescriptions, which coincide roughly with the package prepared by the Commission for the next summit. The IMF wants to accelerate the banking union, a common monitoring system (the taste of Berlin), but also a European deposit insurance and bank resolution fund refused from Germany. And a more integrated fiscal union, which can not miss the demon of all demons Germans: "Eurobonds, with a system of intermediate steps, with controls and supervision, with clear rules, but with a view to share risks," Lagarde said, aware of that can cause ulcers.
With a direct message highly critical of the Spanish banking rescue: despite its traditional orthodoxy, the IMF committed to recapitalize weak banks directly with the European bailout funds, "without going through the governments" to break the vicious circle between sovereign debt and bank debt. Berlin, more pressure than ever, refuses point blank to that possibility.
Faced with this refusal, aid to Spain, a loan from the European rescue fund to the State, through the FROB-rise and public debt considerably and caused something of a panic in the markets, increasingly concerned about the possibility that the hole in the banks causing a gap in the Spanish Treasury.
Faced with the endless succession of negative Berlin, IMF Europe summons to move in the opposite direction to combat "the situation of acute stress on banks and governments," said Lagarde. Spain is in the disparadero, but also Italy: an existential crisis of the euro enters its most acute phase without the Union, with the controversial leadership of Berlin, want to notice.
The Fund cited several of the anathemas German: Lagarde urged the European Central Bank (ECB) to implement monetary policy "creative" with the acute phase of the European crisis, both in the financial system in an economy battered walking towards recession. The ECB has to activate "the program to buy bonds or traditional political solutions" as a cut in official interest rates, Lagarde snapped in the press conference after telling the same story at the meeting, attended by the Eurobanco president, Mario Draghi.
He also called on the countries under market pressure "decisive and credible fiscal consolidation" (ie, cuts). But, yes, "focusing on structural and not nominal objectives," said Lagarde. Bastard translation: austerity strictly must consider the consequences of the recession, which causes a drop in revenue and a spike in certain expenses, such as on unemployment benefits.
The Fund also has long-range prescriptions, which coincide roughly with the package prepared by the Commission for the next summit. The IMF wants to accelerate the banking union, a common monitoring system (the taste of Berlin), but also a European deposit insurance and bank resolution fund refused from Germany. And a more integrated fiscal union, which can not miss the demon of all demons Germans: "Eurobonds, with a system of intermediate steps, with controls and supervision, with clear rules, but with a view to share risks," Lagarde said, aware of that can cause ulcers.
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